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Curious | What is the typical real estate commission paid when the Listing brokerage is also representing the buyer? |
I am asking from the seller's view point, hoping the commission would be reduced. |
 |
 
REALTOR
|
It will be the same commission you agreed to pay, when you signed with your listing agent. The fact that this agent represents a buyer, doesn't have anything to do with commissions. Lets say you agreed to pay your agent 6%. If a buyer had his own agent, then this 6% would have been split between the two agents and it was OK with you. Now there's no other agent and you feel 6% is too much for your agent to keep, right? But your agent promised to sell your house and he did it. What difference does it make if your money goes to one agent or two?
BUT, you can talk to your agent and he might agree to lower commissions. If he doesn't agree, you have to pay. |
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Ted
|
The commission is negotiated. There is no typical commission. In California, Multiple Listing Service agreements mandate that the Listing broker specify how much of the listing commission will be split with the Selling agent.
On average I am seeing 2.5% to 3.0% as the amount being offered as the split for the selling agent.
To remain competative, a seller in my area would need to offer in this range as the Selling agents will be more motivated to sell homes offering higher splits.
For example......If we agreed on a 5.0% commission and that 2.5% would be offered to the Selling agent, what is the advantage to me if I reduced the commision if I were to represent the buyer? If I took my buyer to homes offering higher compensation and waited for another agent to bring the buyer to your home, I would earn more rather than reducing my commission to you.
The work load for me as the agent when representing both buyer and seller is not reduced......in fact my responibilities are even greater. The benefit to my clients when I represent both sides well worth a full commission. |
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curtisports2
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The listing commission is spelled out in the listing agreement. Nothing changes that when the listing broker finds the buyer, unless this is expressly agreed upon in the listing agreement.
Let's say you list with a broker at a typical 6% commission. More often than not, with most properties in a multiple listing service, another broker will represent the buyer. Each broker splits their 3% with their agent according to the individual commission split with the agent.
How hard do you think a broker is going to work to sell your property if you demand they discount a 'full' commission? Maybe they'll agree to 5% but anything lower and they'll just sit back and hope it gets 'cross sold' by another broker. |
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Landlord
|
The commission would not be effected. However, you will benefit from this arrangement. It is not legal for the agent to help the buyer save money. In fact they are legally obligated to get as much $ out of the buyer as possible.
I have no clue why a buyer would go in without their own agent, but it is a good thing for the seller. You will make more on the extra sales amount then you are paying in commission. |
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fsbogonewild
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You can ask for a discount on that but most of the time that is negotiated up front. Don't except an offer that you're not comfortable with, usually the Realtor will reduce his commission to make the deal work if you are close. Figure out your bottom line and stick to it but don't loose the sale either.
Good Luck |
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LisaD67
 |
My agent will half the commission if she can 'bookend' the deal, since there are no other agents to split the commission with. |
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robbie
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North America is being ripped off by real estate fees.
In UK its 1% |
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bostonianinmo
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Whatever is specified in the listing contract. Getting the listing AND the sale is the "Holy Grail" of real estate. That way the agent gets a full commission. You can ask for a break, but don't hold your breath! |
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todd
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It should be 0%, but they usually rip you off with 6 - 8 % , with the buyer and seller split. You can bargin with them. most take what they can get. |
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